Articles Tagged with ''soybeans''

The Trump administration’s announcement of a new trade assistance package, plus congressional agreement on disaster relief for prevented plantings, will put billions of dollars into the struggling farm economy, but the prospective aid is injecting new uncertainty into the planting decisions facing growers across the soggy Plains and Midwest.

Farm leaders welcomed additional 'trade aid' but expressed as much uncertainty as cheer after meeting with President Trump.

Agriculture Secretary Perdue is planning to head over to the White House this week to make a presentation on how the department is proposing to dole out $15 billion to $20 billion in what is tentatively being called the “Farming Support Program” for producers who continue to bear the brunt of President Donald Trump’s trade war with China, government officials tell Agri-Pulse.

President Donald Trump says he’s still confident the U.S. and China can reach a deal to end the trade war, but talks have all but collapsed, both sides are threatening even more or steeper tariffs and the U.S. is scrambling to protect farmers with more aid.

The optimism coming out of the White House and USDA for a U.S. deal with China to end the trade war has been growing for months, but the rosy outlook dimmed this week because of a new rift between both countries’ negotiators.

USDA has opened the door for a potential producer referendum on the soybean checkoff if enough producers call for it.

While government leaders are negotiating, soybean leaders plan to thank their customers.